Glens Falls USDA Loan Rates, Closing Costs & Stats

GLENS FALLS, NY

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Glens Falls's 9 lenders originated 19 USDA loans during 2022. The total origination value was $3,485,000, with an average USDA loan value of $183,421.

Glens Falls USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Glens Falls averaged 6% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Glens Falls's average USDA mortgage closing costs are $3,962.

The average rate for the prior week (2024-02-23) was 6.06% and one month ago for the week of 2024-01-26, the average rate was 5.91%.

The average rate one year ago was 5.98%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.66%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Glens Falls USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Glens Falls level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
HOMESTEAD FUNDING CORP. 10 4.53% $3,033
UNITED WHOLESALE MORTGAGE, LLC 2 4.67% $5,961
GUARANTEED RATE, INC. 1 6.25% $7,997
HOME POINT FINANCIAL CORPORATION 1 2.99% $9,711
Farm Credit East, ACA 1 5.80% $7,010
MOVEMENT MORTGAGE, LLC 1 3.75% $0
Premium Mortgage Corporation 1 4.50% $4,389
SEFCU SERVICES, LLC 1 5.50% $5,751
CALIBER HOME LOANS, INC. 1 4.45% $5,301

The top Glens Falls USDA lender as defined by loan originations is HOMESTEAD FUNDING CORP., with 10 USDA loans originated. Their average total fees are $3,033, which is $2,928 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Glens Falls USDA lenders (with over 10 loans originated) are HOMESTEAD FUNDING CORP. ($3,033), .

The lowest rate Glens Falls USDA lenders (with over 10 loans originated) are HOMESTEAD FUNDING CORP. (4.53%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Glens Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $229,000 (14.6%) $406,313 (11.1%) 0.00 987
2018-02-01 $234,200 (17.4%) $417,478 (11.7%) 0.00 975
2018-03-01 $234,900 (11.4%) $415,878 (10.0%) 0.00 960
2018-04-01 $239,450 (8.9%) $423,031 (9.7%) 0.00 980
2018-05-01 $246,700 (7.3%) $422,541 (5.6%) 0.00 1,060
2018-06-01 $249,000 (7.6%) $420,023 (1.4%) 0.00 1,147
2018-07-01 $248,475 (8.1%) $420,452 (-0.1%) 0.00 1,129
2018-08-01 $249,925 (8.7%) $424,436 (1.0%) 0.00 1,144
2018-09-01 $249,900 (9.1%) $420,483 (2.3%) 0.00 1,131
2018-10-01 $249,300 (8.7%) $419,158 (2.9%) 0.00 1,080
2018-11-01 $241,825 (5.2%) $399,486 (-3.0%) 0.00 996
2018-12-01 $234,950 (2.2%) $397,818 (-3.1%) 0.00 938
2019-01-01 $235,000 (2.6%) $405,155 (-0.3%) 0.00 860
2019-02-01 $239,000 (2.1%) $411,129 (-1.5%) 0.00 812
2019-03-01 $243,671 (3.7%) $428,517 (3.0%) 0.00 841
2019-04-01 $249,450 (4.2%) $453,835 (7.3%) 0.00 894
2019-05-01 $252,450 (2.3%) $442,236 (4.7%) 0.00 884
2019-06-01 $259,900 (4.4%) $457,560 (8.9%) 0.00 987
2019-07-01 $259,447 (4.4%) $443,689 (5.5%) 0.00 1,032
2019-08-01 $259,245 (3.7%) $445,866 (5.1%) 0.00 1,042
2019-09-01 $259,614 (3.9%) $451,069 (7.3%) 0.00 1,040
2019-10-01 $254,909 (2.3%) $450,131 (7.4%) 0.00 1,029
2019-11-01 $257,450 (6.5%) $453,808 (13.6%) 0.00 889
2019-12-01 $249,900 (6.4%) $432,070 (8.6%) 0.00 820
2020-01-01 $249,900 (6.3%) $419,152 (3.5%) 0.00 746
2020-02-01 $247,950 (3.7%) $427,479 (4.0%) 0.00 707
2020-03-01 $249,900 (2.6%) $432,151 (0.9%) 0.00 693
2020-04-01 $249,600 (0.1%) $450,413 (-0.8%) 0.00 661
2020-05-01 $270,900 (7.3%) $482,256 (9.1%) 0.00 651
2020-06-01 $274,900 (5.8%) $490,255 (7.2%) 0.00 643
2020-07-01 $276,950 (6.8%) $495,966 (11.8%) 0.00 605
2020-08-01 $269,450 (3.9%) $481,511 (8.0%) 0.00 564
2020-09-01 $275,000 (5.9%) $486,254 (7.8%) 0.00 541
2020-10-01 $279,900 (9.8%) $494,126 (9.8%) 0.00 518
2020-11-01 $279,625 (8.6%) $528,361 (16.4%) 0.00 464
2020-12-01 $280,000 (12.0%) $556,209 (28.7%) 0.00 415
2021-01-01 $289,900 (16.0%) $571,168 (36.3%) 0.00 355
2021-02-01 $283,750 (14.4%) $593,764 (38.9%) 0.00 309
2021-03-01 $299,250 (19.8%) $607,954 (40.7%) 0.00 285
2021-04-01 $297,225 (19.1%) $629,185 (39.7%) 0.00 259
2021-05-01 $275,000 (1.5%) $584,969 (21.3%) 0.00 280
2021-06-01 $298,000 (8.4%) $615,367 (25.5%) 0.00 285
2021-07-01 $299,000 (8.0%) $545,946 (10.1%) 0.00 327
2021-08-01 $299,900 (11.3%) $549,634 (14.2%) 0.00 312
2021-09-01 $289,000 (5.1%) $524,574 (7.9%) 0.00 315
2021-10-01 $275,000 (-1.8%) $512,321 (3.7%) 0.00 310
2021-11-01 $275,000 (-1.7%) $495,920 (-6.1%) 0.00 285
2021-12-01 $269,200 (-3.9%) $489,109 (-12.1%) 0.00 239
2022-01-01 $259,000 (-10.7%) $508,738 (-10.9%) 0.00 211
2022-02-01 $264,500 (-6.8%) $541,679 (-8.8%) 0.00 205
2022-03-01 $295,000 (-1.4%) $559,162 (-8.0%) 0.00 186
2022-04-01 $299,450 (0.8%) $539,240 (-14.3%) 0.00 201
2022-05-01 $298,000 (8.4%) $551,723 (-5.7%) 0.00 257
2022-06-01 $294,450 (-1.2%) $537,852 (-12.6%) 0.00 293
2022-07-01 $295,000 (-1.3%) $506,465 (-7.2%) 0.00 355
2022-08-01 $299,675 (-0.1%) $547,939 (-0.3%) 0.00 354
2022-09-01 $299,900 (3.8%) $578,256 (10.2%) 0.00 353
2022-10-01 $299,900 (9.1%) $613,149 (19.7%) 0.00 347
2022-11-01 $299,900 (9.1%) $654,793 (32.0%) 0.00 338
2022-12-01 $299,900 (11.4%) $633,962 (29.6%) 0.00 310
2023-01-01 $289,450 (11.8%) $671,363 (32.0%) 0.00 256
2023-02-01 $302,500 (14.4%) $678,604 (25.3%) 0.00 231
2023-03-01 $302,750 (2.6%) $690,229 (23.4%) 0.00 201
2023-04-01 $299,950 (0.2%) $725,328 (34.5%) 0.00 180
2023-05-01 $335,725 (12.7%) $753,538 (36.6%) 0.00 186
2023-06-01 $314,450 (6.8%) $711,551 (32.3%) 0.00 226
2023-07-01 $336,900 (14.2%) $726,081 (43.4%) 0.00 238
2023-08-01 $349,900 (16.8%) $627,192 (14.5%) 0.00 269
2023-09-01 $349,900 (16.7%) $616,603 (6.6%) 0.00 274
2023-10-01 $349,975 (16.7%) $606,057 (-1.2%) 0.00 281
2023-11-01 $349,450 (16.5%) $630,001 (-3.8%) 0.00 272
2023-12-01 $345,000 (15.0%) $612,156 (-3.4%) 0.00 253
2024-01-01 $338,925 (17.1%) $622,448 (-7.3%) 0.00 225
Glens Falls's median listing price for 2024-01-01 was $338,925, a difference of $49,475 (17.1%) versus the prior year and $-6,075 versus the prior month.

Glens Falls's median listing price comes in at 0% of the national average.

Glens Falls's average listing price for 2024-01-01 was $622,448, a difference of $-48,915 (-7.3%) versus the prior year and $10,292 versus the prior month.

For the 2024-01-01 period, Glens Falls had 225 MLS listings, a difference of -28 listings (-11%) versus the prior month and -31 listings (-12%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Glens Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,762 sqft
2018-02-01 0 days 1,742 sqft
2018-03-01 0 days 1,749 sqft
2018-04-01 0 days 1,767 sqft
2018-05-01 0 days 1,776 sqft
2018-06-01 0 days 1,776 sqft
2018-07-01 0 days 1,772 sqft
2018-08-01 0 days 1,776 sqft
2018-09-01 0 days 1,776 sqft
2018-10-01 0 days 1,800 sqft
2018-11-01 0 days 1,792 sqft
2018-12-01 0 days 1,731 sqft
2019-01-01 0 days 1,730 sqft
2019-02-01 0 days 1,749 sqft
2019-03-01 0 days 1,755 sqft
2019-04-01 0 days 1,768 sqft
2019-05-01 0 days 1,656 sqft
2019-06-01 0 days 1,701 sqft
2019-07-01 0 days 1,706 sqft
2019-08-01 0 days 1,717 sqft
2019-09-01 0 days 1,728 sqft
2019-10-01 0 days 1,717 sqft
2019-11-01 0 days 1,738 sqft
2019-12-01 0 days 1,723 sqft
2020-01-01 0 days 1,736 sqft
2020-02-01 0 days 1,715 sqft
2020-03-01 0 days 1,700 sqft
2020-04-01 0 days 1,736 sqft
2020-05-01 0 days 1,760 sqft
2020-06-01 0 days 1,758 sqft
2020-07-01 0 days 1,769 sqft
2020-08-01 0 days 1,755 sqft
2020-09-01 0 days 1,768 sqft
2020-10-01 0 days 1,800 sqft
2020-11-01 0 days 1,847 sqft
2020-12-01 0 days 1,843 sqft
2021-01-01 0 days 1,888 sqft
2021-02-01 0 days 1,829 sqft
2021-03-01 0 days 1,831 sqft
2021-04-01 0 days 1,889 sqft
2021-05-01 0 days 1,800 sqft
2021-06-01 0 days 1,831 sqft
2021-07-01 0 days 1,761 sqft
2021-08-01 0 days 1,748 sqft
2021-09-01 0 days 1,671 sqft
2021-10-01 0 days 1,728 sqft
2021-11-01 0 days 1,728 sqft
2021-12-01 0 days 1,755 sqft
2022-01-01 0 days 1,888 sqft
2022-02-01 0 days 1,720 sqft
2022-03-01 0 days 1,742 sqft
2022-04-01 0 days 1,708 sqft
2022-05-01 0 days 1,592 sqft
2022-06-01 0 days 1,604 sqft
2022-07-01 0 days 1,574 sqft
2022-08-01 0 days 1,589 sqft
2022-09-01 0 days 1,619 sqft
2022-10-01 0 days 1,636 sqft
2022-11-01 0 days 1,642 sqft
2022-12-01 0 days 1,668 sqft
2023-01-01 0 days 1,638 sqft
2023-02-01 0 days 1,662 sqft
2023-03-01 0 days 1,678 sqft
2023-04-01 0 days 1,731 sqft
2023-05-01 0 days 1,741 sqft
2023-06-01 0 days 1,669 sqft
2023-07-01 0 days 1,680 sqft
2023-08-01 0 days 1,674 sqft
2023-09-01 0 days 1,683 sqft
2023-10-01 0 days 1,653 sqft
2023-11-01 0 days 1,658 sqft
2023-12-01 0 days 1,658 sqft
2024-01-01 0 days 1,657 sqft
Glens Falls's median listing age (time on market) for 2024-01-01 was 0 days.

Glens Falls's median square footage for active listings during the 2024-01-01 period was 1,657 sqft. One year prior, the average listing was 1,638 sqft.